Internet reports that OpenSea co-founder and CEO Devin Fenzer said that the U.S. Securities and Exchange Commission (SEC)'s enforcement of cryptocurrency companies has left a lasting "regulatory shadow" on the industry. Finzer said in an interview that during Biden's administration, the agency unfairly targeted outstanding players in the cryptocurrency space, including OpenSea. "There are all kinds of digital assets, and you know, you shouldn't treat them equally. This is obvious. But I think the approach that the Securities and Exchange Commission has taken before is a, you know, very, very generic approach." The U.S. Securities and Exchange Commission issued a Wells notice to OpenSea in 2024-a formal notice often a prelude to enforcement action-accusing the NFT market of operating as an unregistered stock exchange. At the time, Finzer criticized the Securities and Exchange Commission for its "enforcement supervision" approach and said OpenSea was ready to "stand up and fight."